Re: Re: Dartmouth Square Disgrace

Home Forums Ireland Dartmouth Square Disgrace Re: Re: Dartmouth Square Disgrace

#783423
Anonymous
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@StephenC wrote:

Two points:

1. Was he not then “stealing land” from the previous owner in paying such a small amount for the park when it was so obviously worth more. Perhaps the owner was unaware that the land could be so lucratively developed.

2. One of the greatest perculiarities of our land law, a Local Authority helps to determine the price of land (and therefore its profitability to its owner) through zoning. Would not, therefore, any hypothetical value on this land (such as the amount you mention) only result from the LAs decision to rezone it to other uses. If it retains its present zoning then surely it also retains its present value.

i am only trying to wind thomond up

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